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1335 E. 3rd Street

1335 E. 3rd Street,Long Beach, CA 90802

1918

Year Build

$2,600,000

Price

Property Details

Current Cap Rate

3.77%

Market Cap

5.26%

Current GRM

16.64

Market GRM

13.17

25907 Oak Street

25907 Oak Street | Lomita, CA 90717

$10,750,000

Price per Unit

Property Details

Tyler Leeson

$10,750,000

Building Size

23,312 SF

Number Of Units

23

Cap Rate

3.69%

Total Lot Size

23,312 SF

Year Built

23

Number Of Units

23

Year Built

23

Description

1335 3rd Street is an 8-unit investment asset in prime Alamitos Beach. The property consists of spacious units with a mix of two 1 BD/ 1 BAs and six studios.

Five units have been renovated with new flooring, cabinetry, countertops, stainless steel appliances hardware, window coverings, ceiling fans and LED light fixtures. Building plumbing and electrical systems have been upgraded.

Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting.

On-site laundry facilities and parking (spaces and driveway) generate additional income.

Highlights

  • 8 Spacious Units; 5 Units Fully Remodeled
  • Upgraded Building Systems
  • Complete Exterior & Landscape Renovations
  • 8 Parking Spaces and Onsite Laundry Generate Income
  • Individually Metered with In-Place RUBS Program
  • Prime Alamitos Beach Location / 94 Walk Score

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